Question
a.
When payment for the goods has been received by the Indian intermediary from the buyer
b.
When ownership of the goods vests with the overseas supplier
c.
When the goods are financed through India
d.
When the claim is proposed to be settled in favor of the overseas buyer
Posted under IC 14 Regulations of Insurance Business
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Q. Under what circumstances may claims arising from marine insurance policies covering merchanting trade financed through India be settled by insurers from their foreign currency...
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